Swiss prosecutors have reportedly indicted a former top executive of Canadian engineering and construction giant SNC-Lavalin, alleging he helped launder millions of dollars used to win contracts in North Africa

Embattled engineering giant SNC-Lavalin is facing its second-class action lawsuit in months after a Toronto firm said it is seeking $1.5-billion on behalf of investors outside of Quebec who saw the value of their asset plummet

Police searched the headquarters of SNC-Lavalin Group on Friday, pitching the engineering giant into the headlines again as it battles to recover from lingering questions about its business in Libya and a scandal over unauthorized payments that has claimed its chief executive officer

SNC-Lavalin said on Monday that one of its subsidiaries has been notified by the World Bank that it has been barred temporarily from bidding on new bank projects following an investigation into a Bangladesh bridge project launched last September